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Global Rennet Market Size study, by Type (Animal-derived Rennet, Microbial Rennet, FPC- Fermentation Produced Chymosin Rennet, and Vegetable Rennet); by Form (Liquid, Powder, and Paste) and Regional Forecasts 2022-2028

  • BIZ4982746
  • 200 Pages
  • May 2022
  • Food and Beverages
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Global Rennet Market is valued at approximately USD 683.1 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.39% over the forecast period 2022-2028. Rennet is a digestive enzyme present in the stomach lining of animals that aids in the digestion of their mother's milk. To produce cheese, rennet is needed to ferment or thicken the milk. It comes from four different sources: plant-based, such as nettles, cardoon thistle, and other plants. the market growth is driven by increase in the use of cheese in different products and growing number of companies in the fast food and beverages products. According to the UK Dairy Trade Association, the country produced roughly 504 thousand metric tons of cheese in 2021. Furthermore, in European nations such as Italy, Russia, France, and Germany the rising cheese-making sector, which uses modern technology and novel production processes, is expected to stimulate demand for rennet. Furthermore, as per Statista, the global quick service restaurant sector reached USD 868.11 billion in 2019. However, due to the coronavirus (COVID-19) pandemic, this value is expected to drop to USD 736.15 billion in 2020. The market is expected to reach USD 797.68 billion in 2021. However, growing vegetarian population impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Rennet Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe is leading the market share, owing to the flexitarian and vegan population in the region. However, Asia Pacific is expected to witness substantial market growth due to growing young population in countries such as India and China and growing western culture in the region.

Major market players included in this report are:

Punature Food Ingredient Co. Ltd.

Chr. Hansen Holding A/S

Intermak Inc.

Hebei Yoko Biotech Co. Ltd.

International Flavors & Fragrances Inc.

MAYASAN Food Industries AS

AFFCO

Koninklijke DSM NV

Sacco SRL

Walcovit Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Animal-Derived Rennet

Microbial Rennet

FPC-Fermentation Produced Chymosin Rennet

Vegetable Rennet

By Form:

Liquid

Powder

Paste

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Rennet Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)

1.2.1. Rennet Market, by Region, 2020-2028 (USD Million)

1.2.2. Rennet Market, by Type, 2020-2028 (USD Million)

1.2.3. Rennet Market, by Form, 2020-2028 (USD Million)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Rennet Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Rennet Market Dynamics

3.1. Rennet Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Increase in use of cheese in different products

3.1.1.2. Growing number of companies in the fast food and beverages product

3.1.2. Market Challenges

3.1.2.1. Growing vegetarian population

3.1.3. Market Opportunities

3.1.3.1. Technological advancements in the cheese manufacturing industry

3.1.3.2. Increase in per capita and improvement in living standards

Chapter 4. Global Rennet Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Rennet Market, by Type

6.1. Market Snapshot

6.2. Global Rennet Market by Type, Performance - Potential Analysis

6.3. Global Rennet Market Estimates & Forecasts by Type, 2018-2028 (USD Million)

6.4. Rennet Market, Sub Segment Analysis

6.4.1. Animal-Derived Rennet

6.4.2. Microbial Rennet

6.4.3. FPC-Fermentation Produced Chymosin Rennet

6.4.4. Vegetable Rennet

Chapter 7. Global Rennet Market, by Form

7.1. Market Snapshot

7.2. Global Rennet Market by Form, Performance - Potential Analysis

7.3. Global Rennet Market Estimates & Forecasts by Form, 2018-2028 (USD Million)

7.4. Rennet Market, Sub Segment Analysis

7.4.1. Liquid

7.4.2. Powder

7.4.3. Paste

Chapter 8. Global Rennet Market, Regional Analysis

8.1. Rennet Market, Regional Market Snapshot

8.2. North America Rennet Market

8.2.1. U.S. Rennet Market

8.2.1.1. Type breakdown estimates & forecasts, 2018-2028

8.2.1.2. Form breakdown estimates & forecasts, 2018-2028

8.2.2. Canada Rennet Market

8.3. Europe Rennet Market Snapshot

8.3.1. U.K. Rennet Market

8.3.2. Germany Rennet Market

8.3.3. France Rennet Market

8.3.4. Spain Rennet Market

8.3.5. Italy Rennet Market

8.3.6. Rest of Europe Rennet Market

8.4. Asia-Pacific Rennet Market Snapshot

8.4.1. China Rennet Market

8.4.2. India Rennet Market

8.4.3. Japan Rennet Market

8.4.4. Australia Rennet Market

8.4.5. South Korea Rennet Market

8.4.6. Rest of Asia Pacific Rennet Market

8.5. Latin America Rennet Market Snapshot

8.5.1. Brazil Rennet Market

8.5.2. Mexico Rennet Market

8.6. Rest of The World Rennet Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Punature Food Ingredient Co. Ltd.

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. Chr. Hansen Holding A/S

9.2.3. Intermak Inc.

9.2.4. Hebei Yoko Biotech Co. Ltd.

9.2.5. International Flavors & Fragrances Inc.

9.2.6. MAYASAN Food Industries AS

9.2.7. AFFCO

9.2.8. Koninklijke DSM NV

9.2.9. Sacco SRL

9.2.10. Walcovit Inc.

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 1. Global Rennet Market, report scope

TABLE 2. Global Rennet Market estimates & forecasts by Region 2018-2028 (USD Million)

TABLE 3. Global Rennet Market estimates & forecasts by Type 2018-2028 (USD Million)

TABLE 4. Global Rennet Market estimates & forecasts by Form 2018-2028 (USD Million)

TABLE 5. Global Rennet Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 6. Global Rennet Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 7. Global Rennet Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 8. Global Rennet Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 9. Global Rennet Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 10. Global Rennet Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 11. Global Rennet Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 12. Global Rennet Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 13. Global Rennet Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 14. Global Rennet Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 15. U.S. Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 16. U.S. Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 17. U.S. Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 18. Canada Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 19. Canada Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 20. Canada Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 21. UK Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 22. UK Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 23. UK Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 24. Germany Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 25. Germany Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 26. Germany Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 27. RoE Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 28. RoE Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 29. RoE Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 30. China Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 31. China Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 32. China Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 33. India Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 34. India Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 35. India Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 36. Japan Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 37. Japan Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 38. Japan Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 39. RoAPAC Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 40. RoAPAC Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 41. RoAPAC Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 42. Brazil Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 43. Brazil Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 44. Brazil Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 45. Mexico Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 46. Mexico Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 47. Mexico Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 48. RoLA Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 49. RoLA Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 50. RoLA Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 51. Row Rennet Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 52. Row Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 53. Row Rennet Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 54. List of secondary sources, used in the study of global Rennet Market

TABLE 55. List of primary sources, used in the study of global Rennet Market

TABLE 56. Years considered for the study

TABLE 57. Exchange rates considered

 
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